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Scenario 14-2
You open up your laptop to begin writing a term paper for your English literature class.You do a quick Google search on a few key phrases involving Shakespeare, Dickens, and Hemingway.But before you go further, you play a few video games, check your email, visit a couple music websites, take a cybertour of a new sports stadium, go to a coupon site, solve a murder mystery, go back to Google to check out a big name in the news, submit a slogan for a new local restaurant, and read a couple editorials on a magazine site.Then, you figure it's time to get down to work.
-(Scenario 14-2) The site where you solved a murder mystery is sponsored by a company that specializes in publishing mystery novels.Part of the site is devoted to a full catalog listing all of the company's titles currently in print, and other parts offer interactive activities, musings of well-known writers, and mysteries to solve.This is an example of a
Adjusted Gross Income
Gross income minus adjustments, used as a base for calculating taxable income and determining eligibility for certain tax deductions and credits.
Social Security Taxes
Taxes paid by workers and employers to fund the Social Security program, which provides retirement, disability, and survivorship benefits.
Medicare Taxes
Taxes withheld from pay or paid on profits that contribute to the Medicare program, providing health insurance for individuals over 65.
Self-Employment Tax
A social security and Medicare tax primarily for individuals who work for themselves.
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